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Lalamove empowers aspiring women entrepreneurs to start their small businesses in PangNegosyo program
Lalamove, a leading on-demand delivery platform, has launched the Panalong PangNegosyo program for its thousands of women partner drivers to give out a business-starter package to three lady riders or drivers......»»
House panel OKs tax breaks for companies hiring senior citizens
Under the bill, companies hiring elderly workers can avail of a 25% tax reduction of the amount paid to salaries, wages and benefits and trainings for senior citizens. .....»»
Steps gaining exporter status under RCEP outlined
Exporters wishing to avail themselves of preferential tariffs under the Regional Comprehensive Economic Partnership can apply with the Bureau of Customs to become an approved exporter, according to a customs official. Gina German, head of the Preferential Rate Unit of the BoC Port of Manila, is encouraging Filipino exporters to start leveraging the RCEP’s benefits, foremost of which is being allowed to source materials and products from the 14 other member parties of the mega free trade agreement at lower duty rates. Study and comply German also urged companies to study and comply with the RCEP’s rules of origin (ROO), a requirement to get preferential tariff treatment under the world’s biggest trade deal. Essentially, the ROO can be regarded as a passport for products, a way to determine the country of origin of a product and establish its eligibility for preferential tariff treatment. It can help businesses reduce costs and boost their competitiveness within the regional market. Under RCEP, originating goods are those falling under three categories: wholly obtained in the RCEP party or member state of the agreement; those produced in a party exclusively from originating materials from one or more of the parties; and those produced in a party using non-originating materials, provided the good satisfies the applicable requirements set out in Annex 3A (Product-Specific Rules). Documentary requirements German said applicants seeking “approved exporter” status under RCEP should submit the following documentary requirements: • Duly accomplished application form • BoC’s Certificate of Registration • Product Evaluation Report or PER, if applicable Meanwhile, traders applying for approved exporter status, should submit a producer’s declaration indicating the originating status of the good for which the trader will be completing a declaration of origin and stating the producer’s readiness to cooperate in verification. “If you are a trader, you need to know who produces the good or you still have a declaration that it is originating in the Philippines so that you will be ready during the retro verification or verification of the importing country,” said German during her talk last month at a Department of Trade and Industry webinar. In addition applicants have to submit a list of the authorized signatories of the DO and their respective specimen signatures. The application form should be submitted in both hard copy and electronic Portable Document Format to the deputy commissioner of the Assessment and Operations Coordinating Group through the Customer Care Center or CCC. The Export Coordination Division or ECD will then evaluate the application based on the following criteria: Exporter is a legitimate exporter who must have been transacting with the BOC for at least one year prior to the date of application Exporter must have been exporting products to at least one RCEP party for at least one year • Exporter must have good compliance measured by risk management of the BOC • Exporter must have a sound bookkeeping and recordkeeping system • Exporter must have responsible officers or persons authorized to sign the DO, who must have sufficient knowledge, competence in ROO application • Exporter must be willing to be subjected to regular monitoring and inspection to determine correctness of its declaration with respect to the goods exported. Written authorization After evaluation the ECD will grant the status of approved exporter to the successful applicants by issuing a written authorization with its corresponding authorization code within 14 working days. From there, the BOC will input the details of the approved exporter in its Approved Exporter Database for circulation among the RCEP parties. RCEP came into effect officially for the Philippines on June 2, 2023 after the Senate finally ratified the agreement in February this year. The Philippines was the last country to ratify RCEP, a free trade pact among the 10 members of the Association of Southeast Asian Nations — Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam — and the five ASEAN FTA partners Australia, China, Japan, South Korea, and New Zealand. The post Steps gaining exporter status under RCEP outlined appeared first on Daily Tribune......»»
Retirement Pay Law
Dear Atty. Joji, My Dad has been a part-time faculty member of a well-known university since the 1980s. At 65, the age of retirement, he claimed, in accordance with Republic Act 7641, otherwise known as the New Retirement Pay Law, retirement benefits after two decades of employment and service. However, the university denied my dad’s claim for retirement benefits because only full-time permanent faculty of the said university is entitled to said benefits pursuant to university policy and the CBA. Since my dad has not been granted retirement benefits under any agreement with or by a voluntary act, can my dad claim retirement benefits by mandate of any law? Cedrick Dear Cedrick, RA 7641 or the Retirement Pay Law shall apply to all employees in the private sector, regardless of their position, designation or status and irrespective of the method by which their wages are paid. They shall include part-time employees, employees of service and other job contractors and domestic helpers or persons in the personal service of another. The law does not cover employees of retail, service and agricultural establishments or operations employing not more than 10 employees or workers and employees of the national government and its political subdivisions, including government-owned and/or controlled corporations, if they are covered by the Civil Service Law and its regulations. Moreover, in the case of De Lasalle Araneta University vs Bernardo, G.R. 190809, the Supreme Court ruled: “For the availing of the retirement benefits under Article 302 [287] of the Labor Code, as amended by Republic Act 7641, the following requisites must concur: (1) the employee has reached the age of 60 years for optional retirement or 65 years for compulsory retirement; (2) the employee has served at least five years in the establishment; and (3) there is no retirement plan or other applicable agreement providing for retirement benefits of employees in the establishment. It is a settled rule of statutory construction that the express mention of one person, thing, or consequence implies the exclusion of all others. The rule is expressed in the familiar maxim, expression unius est exclusio alterius. Bernardo — being 75 years old at the time of his retirement, having served DLS-AU for a total of 27 years, and not being covered by the grant of retirement benefits in the CBA — is unquestionably qualified to avail himself of retirement benefits under said statutory provision; equivalent to one-half month salary for every year of service, a fraction of at least six months being considered as one whole year. The rule of expressio unius est exclusio alterius is formulated in a number of ways. One variation of the rule is the principle that what is expressed puts an end to that which is implied. Expressum facit cessare taciturn. Thus, where a statute, by its terms, is expressly limited to certain matters, it may not, by interpretation or construction, be extended to other matters.” Hope this helps. Atty. Joji Alonso The post Retirement Pay Law appeared first on Daily Tribune......»»
Palace: ‘Northrail met standards for abolition, not producing desired outcomes’
Malacañang announced on Saturday that President Ferdinand Marcos Jr. has ordered the abolition of the North Luzon Railways Corp. as it is no longer cost-efficient and producing desired outcomes. The Memorandum Order 17 was signed by Executive Secretary Lucas Bersamin—by the authority of President Marcos—on 19 October. The Governance Commission for GOCCs determined that Northrail has met the standards for abolition for not producing the desired outcomes; no longer achieving the objectives and purposes for which it was designed and created; not being cost-efficient; and not generating the level of social, and physical, and economic returns vis-a-vis the resource inputs. In ordering the abolition, Marcos tasked the Bases Conversion and Development Authority board of directors to act as the administrator and liquidator of Northrail. The BCDA should settle the Northrail liabilities, including the payment of separation incentive pay to affective officials and personnel as well as undertake the necessary steps in liquidating Northrail’s assets and assist in the winding up of its corporate affairs. The BCDA directors shall also conduct an inventory of all of Northrail's existing programs and projects and either terminate or transfer them to concerned government agencies. The inventory also includes the list of Northrail's assets and liabilities and how to dispose of or settle them. The BCDA is also tasked to formulate a Change Management Plan for affected stakeholders of Northrail. It shall likewise conduct an inventory of all pending cases brought by and against Northrail and formulate the appropriate actions to resolve the cases. The original copies of Northrail’s corporate books and account and financial records will be surrendered to the Commission on Audit by the BCDA board of directors. Palace said the Office of the Government Corporate Counsel shall provide the necessary legal assistance to the BCDA in this endeavor. The GCG shall monitor the implementation of the abolition of the Northrail. The Department of Transportation, as the supervising agency of the Northrail, shall continue to oversee the programs and activities relative to liquidation and winding-up of the affairs by the Northrail. Malacañang imposed the separation incentive pay to all effective personnel and officials of Northrail. Those who have rendered 20 years of service may avail of the following separation benefits of 1.00 x Monthly Basic Salary x No. of years. 20 years and 1 day to 30 years: 1.25 x MBS x No. of years 30 years and 1 day and above: 1.50 x MBS x No. of years The separation pay shall be charged against the available corporate funds of Northrail, subject to existing budgeting, accounting, and auditing policies. The Northrail was registered with the Securities and Exchange Commission on 31 July 1995. It was then created as a wholly owned subsidiary of the BCDA to develop, construct, operate, and manage a railroad system to serve Metro Manila, Central Luzon, and Northern Luzon. In 2015, the National Economic and Development Authority Board approved the North-South Commuter Railway Project, which was financed through official development assistance from Japan, effectively rendering the Northrail project terminated. The GCG ordered the “deactivation” of the Northrail, through Memorandum Order No. 2019-05 on 20 May 2019. The post Palace: ‘Northrail met standards for abolition, not producing desired outcomes’ appeared first on Daily Tribune......»»
Delivery bag checklist before giving birth
Mary Mason once said, “A baby is something you carry inside you for nine months, in your arms for three years and in your heart till the day you die.” During a woman’s pregnancy, one of the things she meticulously prepares is her delivery bag. A delivery bag consists of new mother’s and baby’s essentials when the baby is born in a hospital or clinic. If you are nearing your delivery due date, around eight months, and haven’t had any idea what to bring, check out this basic list. [gallery size="large" columns="1" ids="200378,200381,200382"] For newborn Baru-baruan or newborn clothes set — At least two pieces of tops (either sleeveless or with sleeves), shorts or long pants, a pair of mittens and booties and a baby cap. Liquid soap — To wash off some fluids or vernix (the white, cheesy-looking substance that coats the newborn’s skin), a mild liquid soap is necessary. The baby’s first bath will be done by a lying in or hospital staff after giving birth. Diapers — Bring at least two to five pieces of newborn diapers. A good quality diaper should be super absorbent, gentle on baby’s skin, great fit and made of eco-friendly materials. Bib or small, soft cloth — This can come in handy to protect the baby’s delicate skin and clothes from spit-up, breastmilk and drool. Have at least three pieces. Receiving blanket — A thick blanket helps protect the baby from the cold air. Choose colors either blue or pink for easy gender identification. Plain white is also good. [caption id="attachment_200379" align="aligncenter" width="1600"] THE baby’s first bath will be done by the lying-in or hospital staff.[/caption] For mommy Dress — Bring at least two to five nursing clothes to make your breastfeeding journey more manageable and comfortable. It’s easy to put on, easy to loosen and easy to take off again since it doesn’t put any pressure on your postnatal body. Adult diapers — Carry at least six to eight pieces of adult diapers to help absorb leakage of excess blood after giving birth. Maternity pads — After the adult diaper phase, maternity pads give extra protection after child birth. Toiletries — These include liquid soap, shampoo, toothbrush, toothpaste, bath towel, deodorant and cotton buds. You can add wet wipes and tissue, too. Slippers — Wear your slippers before going to the hospital or lying in. Scrunchie, comb and mirror — Stay clean to avoid any infection and you also feel better after giving birth. Comb your hair to look good as well. Liters of water — Be extra hydrated by drinking at least 16 cups of water a day to help you produce breastmilk round the clock. Documents and IDs — These are given requirements from the hospital or lying in, as well as your baby’s identification for birth certificate. Bring at least two government IDs. Speaking of government IDs, update your PhilHealth contributions to avail of maternity hospital coverage. Ideally, keep the delivery bag by your house door or any accessible place so it’s easy to grab and go when the time comes. Start ticking off this checklist now! The post Delivery bag checklist before giving birth appeared first on Daily Tribune......»»
Bong Go assists displaced workers in Bohol
In a video message conveyed during his team's visit to Carmen and Batuan, Bohol, Senator Christopher “Bong” Go expressed his steadfast commitment to advocate for more pro-poor initiatives and bolster support measures, aiming for a more inclusive economic recovery after the COVID-19 pandemic and other crises. "Prayoridad ko ang pagsuporta sa pro-poor programs at dapat po ay sikapin ng gobyerno na walang magutom na Pilipino. 'Yan po ang pakiusap ko parati sa executive," said Go. "Kung merong isusulong na programa o batas, suportado ko po ito basta po makakatulong sa mahihirap at hindi mapunta sa korapsyon ang pera," he added. Go's team, in collaboration with Board Member Nathaniel Binlod, distributed shirts, snacks, and balls for basketball and volleyball to 548 displaced workers gathered at the Carmen Gym on Monday, 16 October. The recipients were also eligible to receive benefits from the Department of Labor and Employment’s (DOLE) Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers (TUPAD) program. “Patuloy tayong magbigay ng oportunidad at pag-asa sa mga manggagawang Pilipino na nawalan ng trabaho o kabuhayan dahil sa mga pagsubok na hinaharap natin. Sa pamamagitan ng ganitong mga programa, marami sa ating mga kababayan ang mabibigyan ng pagkakataon na magkaroon ng pansamantalang trabaho at kumita ng maayos para sa kanilang pamilya,” Go stressed. In his commitment to promoting inclusive economic recovery, Go has underscored the significance of safeguarding the welfare of all sectors, with particular attention to those residing in rural areas. He introduced Senate Bill No. (SBN) 420 which seeks to institutionalize a framework for offering temporary employment to eligible members of underprivileged households in rural regions. If enacted into law, the Rural Employment Assistance Program (REAP) would be established within DOLE. REAP's primary goal is to furnish temporary job prospects to individuals who meet the criteria of being economically disadvantaged, impoverished, displaced, or seasonal workers. Go, chairperson of the Senate Committee on Health and Demography, then offered medical assistance to the beneficiaries. He advised them to avail of the services of any of the two Malasakit Centers in the province where they may conveniently avail of medical assistance programs offered by the government. In Bohol, the Malasakit Centers are located at Governor Celestino Gallares Memorial Hospital (GCGMH) in Tagbilaran City and at Don Emilio Del Valle Memorial Hospital in Ubay. Malasakit Centers bring together representatives from the Department of Social Welfare and Development (DSWD), Department of Health (DOH), Philippine Health Insurance Corporation (PhilHealth), and Philippine Charity Sweepstakes Office (PCSO). These one-stop shops aim to support impoverished patients in reducing their hospital costs to the least possible amount. Go is the principal author and sponsor of Republic Act No. 11463 or the Malasakit Centers Act of 2019, which institutionalized the Malasakit Centers program. Currently, there are 159 Malasakit Centers across the country, poised to assist with patients' medical expenses. The DOH reported that the Malasakit Center program has already provided aid to more than seven million Filipinos. “Sa mga pasyente, lapitan niyo lang ang Malasakit Center dahil para ‘to sa inyo. Kung may hospital bill kayo, nandiyan ang mga ahensya ng gobyerno na tutulong para mabayaran ito,” said Go. Go further highlighted that his advocacy to enhance the healthcare sector includes the establishment of Super Health Centers at strategic locations nationwide. Through the collective efforts of fellow lawmakers, sufficient funds have been allocated under the Health Facilities Enhancement Program of DOH for 307 Super Health Centers in 2022 and 322 in 2023. DOH, the lead implementing agency, identifies the strategic areas where they will be constructed. In Bohol, necessary funds have been allocated to construct Super Health Centers in Buenavista, Candijay, Dauis, Sagbayan, Talibon, Antequera, Balilihan, Bien Unido, Carmen, Panglao, Tagbilaran City, and Ubay. Super Health Centers are designed to focus on primary care, consultation, and early detection, further strengthening the healthcare sector in the country, especially in grassroots communities. As vice chairperson of the Senate Committee on Finance, he also supported several projects in Bohol, such as the construction of multipurpose buildings in Alicia, Anda, Balilihan, Batuan, Buenavista, Danao, Dimiao, Duero, Garcia Hernandez, Guindulman, Loay, Loon, and Valencia; improvement of evacuation centers in Panglao, Anda, Balilihan, Carmen, Corella, Garcia-Hernandez and Valencia; installation of a water system in President Carlos P. Garcia; construction of the municipal slaughterhouse in Inabanga; and the acquisition and installation of solar-powered street lights in Getafe. Go, also principally sponsored the passage of RA 11883 which converts GCGMH to Governor Celestino Gallares Multi-Specialty Medical Complex. The post Bong Go assists displaced workers in Bohol appeared first on Daily Tribune......»»
PhilHealth announces resumption of website, member portal
The Philippine Health Insurance Corporation announces the resumption of its Corporate Website and Member Portal effective 12 noon of 29 September 2023. These public-facing application systems are already up and running and now accessible to the general public through the internet. The e-Claims system will be available within the day. The shutting down of its application systems was done immediately upon the advice of the Department of Information and Communication Technology to isolate these key services and to ensure that the ransomware infection will not spread to critical computers. PhilHealth has been working round the clock since Friday to clean up the affected workstations and restore normalcy the soonest. Meanwhile, it has yet to verify the alleged leaked members’ data that was reportedly found in the dark web. Non-payment of ransom On the alleged demand for ransom, PhilHealth reiterates the government’s policy of not paying such to criminals. PhilHealth also guarantees the public that its databases are intact, safe and secure. Members are also assured that their benefit entitlement will not be hampered due to this incident. Interim arrangements while systems are offline have been instituted to ensure that members continually avail of their PhilHealth benefits anytime and anywhere in the country. PhilHealth continues to work closely with the DICT and National Privacy Commission to address the situation. It also coordinated with the National Bureau of Investigation and Philippine National Police toward this end. PhilHealth also welcomes calls for inquiry to get to the bottom of this incident. Disciplinary action PhilHealth shall rightfully impose disciplinary actions to people who have been remiss in the performance of their duties if they are found liable. PhilHealth sincerely asks for the public’s understanding and support during this time and implores certain groups and sectors to refrain from concocting false and misleading information to avoid creating panic and distrust among our members and stakeholders. The post PhilHealth announces resumption of website, member portal appeared first on Daily Tribune......»»
PhilHealth’s website, member portal reopen following ransomware attack
The Philippine Health Insurance Corporation has announced the resumption of its Corporate Website and Member Portal effective 12 noon of 29 September 2023. These public-facing application systems are already up and running and now accessible to the general public through the internet. The e-Claims system will be available within the day. The shutting down of its application systems was done immediately upon the advice of the Department of Information and Communication Technology to isolate these key services and to ensure that the ransomware infection will not spread to critical computers. PhilHealth has been working round the clock since Friday to clean up the affected workstations and restore normalcy the soonest. Meanwhile, it has yet to verify the alleged leaked members’ data that was reportedly found in the dark web. On the alleged demand for ransom, the agency reiterates the government’s policy of not paying one to criminals. PhilHealth also guarantees the public that its databases are intact, safe and secure. Members are also assured that their benefit entitlement will not be hampered due to this incident. Interim arrangements while systems are offline have been instituted to ensure that members continually avail of their PhilHealth benefits anytime and anywhere in the country. PhilHealth continues to work closely with the DICT and National Privacy Commission to address the situation. It also coordinated with the National Bureau of Investigation and Philippine National Police toward this end. PhilHealth also welcomes calls for inquiry to get to the bottom of this incident. PhilHealth shall rightfully impose disciplinary actions to people who have been remiss in the performance of their duties if they are found liable. PhilHealth sincerely asks for the public’s understanding and support during this time and implores certain groups and sectors to refrain from concocting false and misleading information to avoid creating panic and distrust among our members and stakeholders. The entire state health insurance agency takes this incident seriously, seizing the opportunity that this incident brings to further strengthen its information security infrastructure in order to prevent this from happening again. The post PhilHealth’s website, member portal reopen following ransomware attack appeared first on Daily Tribune......»»
PhilHealth’s Statement: Update on Temporary System Downtime
PhilHealth issued an official statement on temporary system downtime. Here's the full statement: OFFICIAL STATEMENT UPDATE ON TEMPORARY SYSTEM DOWNTIME September 23, 2023, as of 8:00 PM In view of the information security incident that we detected early morning of September 22, 2023, please be apprised that access to all systems including the website, HCI and Member Portal, and e-Claims were disabled or unplugged immediately as part of the information security containment measures being implemented by PhilHealth. Affected systems shall be restored at the soonest possible time after the completion of the needed configuration and reinforcement of existing information security measures. We are working to restore these systems on Monday, September 25, 2023. PhilHealth’s Management assures the public that the incident is under control and that no personal information and medical information has been compromised or leaked. We have already coordinated with the Department of Information and Communication Technology (DICT), National Privacy Commission (NPC), Cybercrime Units of the National Bureau of Investigation (NBI), and the Philippine National Police (PNP) to conduct forensic investigation and assessment. In the meantime, the following procedures shall be observed in the interim until the affected systems are restored: Members and their qualified dependents shall continually be entitled to the benefits of the National Health Insurance Program (NHIP) with the submission to accredited healthcare providers a photocopy of the member’s PhilHealth Identification Card (PIC) or Member Data Record (MDR) or any identified acceptable supporting documents. Self-earning individuals and professionals paying their premium contributions may pay directly to PhilHealth’s existing Accredited Collecting Agents with over-the-counter payments. Accredited healthcare facilities are advised to continue deducting PhilHealth benefits and devise temporary arrangements with patients who are for discharge for them to avail of their benefits. Note: The rule on the filing of claims is covered by the previous Advisory on PhilHealth System Optimization wherein the filing period is extended to another 60 days for claims covering June 01, 2023 to September 30, 2023. Employers may submit their reports once the Electronic Premium Remittance System (EPRS) has been restored Meanwhile, PhilHealth continues its operations and processes transactions that can be done manually while configurations are ongoing. PhilHealth asks for the public’s understanding regarding this untoward incident. Further inquiries may be coursed through the PhilHealth Callback Channel at 0917-8987442, the PhilHealth Official Facebook Page @PhilHealthOfficial, or at any PhilHealth Regional and Local Health Insurance Offices. (Sgd.) EMMANUEL R. LEDESMA, JR. President and Chief Executive Officer The post PhilHealth’s Statement: Update on Temporary System Downtime appeared first on Daily Tribune......»»
Global protection for local designs
It’s interesting to see that in today’s aesthetic-driven consumer age, the success of a product can be influenced by its appearance or design. Think of that flashy pair of rubber shoes in a shop window or the familiar lines of a sports car cruising down the street that caught your eye. If you need some more examples of how design can make an impact, consider the iconic designs of the Volkswagen Beetle, the Coca-Cola bottle, and Apple iMac that are instantly recognizable. The importance of design has even generated not one but two presidential proclamations to remind us of its significance. One was in 1974 when the third week of September of every year was designated Design Consciousness Week (Proclamation 1259, s. 1974). Another was in 2011 when the third week of both March and October of every year were declared Design Week Philippines (Proclamation 277, s. 2011). With this in mind, it’s not surprising that industrial design, or ID, should be considered a valuable intellectual property, or IP, asset that business owners and designers need to protect if they want their products to stand out among their competitors. In the Philippines, ID is protected under the IP Code. Specifically, this protection gives designers and owners of a registered ID the right “to prevent third parties from making, selling or importing articles bearing or embodying a design which is a copy, or substantially a copy, of the protected design, when such acts are undertaken for commercial purposes.” But how do designers protect their designs once they step onto the global stage? Fortunately, there is now an easy way to do this. The Intellectual Property Office of the Philippines, or IPOPHL, held public consultations last August on The Hague System for International Registration of Industrial Designs as part of the preparations for the Philippines’ accession to The Hague Agreement by 2024. Under The Hague System, local designers can take advantage by registering and protecting their designs internationally in a simple and cost-effective way. Through an online mechanism for securing and managing design rights in multiple jurisdictions — including over 90 contracting parties — they only need to utilize a single application with minimal paper work in order to register their designs globally. This system will prove particularly advantageous for our small and medium enterprises who want to avail of the services of The Hague System and enjoy the benefits of reduced cost in filing fees. Aside from protecting our local designs, the Philippines’ accession to The Hague Agreement will also be beneficial to our economy as foreign applicants and designers can take advantage of The Hague System to facilitate technology transfers and commercialization of their designs in our country, which is considered one of the fastest growing economies in Asia. As the Philippines takes the next steps towards acceding to The Hague Agreement, the most important thing that our Filipino designers need to consider is that they should be aware that their designs can be protected separately from their businesses’ processes and brands. As such, they should go and register their designs. On the part of IPOPHL, we will be conducting an information campaign to spread the word about The Hague System at the ground level to inform the public. And of course, we held our consultation last month to ensure that IP stakeholders’ opinions are taken into consideration in forming the Philippines’ position in acceding to the treaty. We hope all of these efforts will lead to even greater breakthroughs for our Filipino designers in global markets, as well as sustain the development and promotion of the Philippines’ design capability. The post Global protection for local designs appeared first on Daily Tribune......»»
Digitizing a must — Concepcion
Honing and making micro, small and medium enterprises fully engrossed with digitization is now a must for every country in the ASEAN Region to fully realize the expanding opportunities presented by digital transformation, according to ASEAN-Business Advisory Council Philippines chairperson Joey Concepcion. “The power of digitalization is there; we just have to use it. It’s time that we really focus on the objective of greater prosperity, especially for those at the bottom of the pyramid, using whatever tools we have,” Concepcion said during a panel discussion on ASEAN’s Digital Powerhouse at the Nexus of Connectivity and Transformation in Jakarta, Indonesia on Sunday. “We must enable MSMEs to use digitalization to their advantage. Digital growth is seen to boost cross-border e-commerce by providing MSMEs with access to new markets and is hoped to promote financial inclusion to underserved populations,” he added. Further, Concepcion noted that although the rapid growth of digital adoption in the ASEAN bodes well for the region’s economies, its growth must be inclusive, with MSMEs being crucial to sustainable growth, to fully realize the expanding opportunities presented by digital transformation. “All of these tools are important to uplift the lives of our people. That’s why we are here: how do we solve big problems, especially for those who are at the bottom of the pyramid,” he said, pointing out that four of the 10 countries in the ASEAN have nearly a fifth of their populations still living in poverty. Region’s biggest tech players The session gathered some of the region’s biggest technology players, as well as key stakeholders from leading multinational companies, global financial institutions, and government organizations. The session delved into the development of strategic policies — including financial technology, e-trade, and cross-border trade facilitation. “The power of digital has to be used. The crisis pushed people to use these tools and this is one of the reasons we in the ASEAN BAC Philippines proposed to sign an MoU with each ASEAN country to focus on sectors that will bring development, specifically agriculture and MSMEs,” he said. He also pointed out that digitalization will stand to benefit even the one-man businesses — also known as nanopreneurs — who now have a better chance at succeeding because they have access to marketing tools and digital payment solutions. “We are the big brothers. Unless we embrace the MSMEs in our value chain this is going to take a long time. That is our mission as ASEAN BAC heads, to see to it that greater prosperity is achieved,” he said. Private sector feedback The ASEAN BAC was organized to provide private sector feedback and guidance to boost ASEAN’s efforts towards economic integration. It was said in the discussion that ASEAN has emerged as the world’s fastest-growing Internet market, with a 40 percent annual growth in the value of e-commerce between 2016 and 2021. Further, it is set to become the world’s fastest-growing digital market driven by a growing consumer market and the rapid adoption of social commerce platforms by its population. “This growth must be inclusive to unlock the benefits. It must be used to enable MSMEs,” he said. Phl case cited Concepcion cited the Philippines case as an example of how digital technology has helped MSMEs compete with big corporations and gave birth to a thriving digital economy that was further hastened by the pandemic lockdowns. Aside from Concepcion, other speakers in the session were Sam Myers, deputy trade commissioner for Asia Pacific (Southeast Asia) at the UK Department for Business and Trade; Haslina Taib, CEO of Dynamic Technologies; Yuem Kuan Moon, CEO of Singtel; and Kok Ping Soon, CEO of Singapore Business Federation. Bank of Indonesia Governor Dr. Perry Warijjyo, Temasek Holdings CEO Dilhan Pillay Sandrasegara; and Japan External Trade Organization Chairman Ishiguro Norihiko delivered keynote remarks, while ASEAN-BAC Indonesia Policy Manager for Digital Transformation Yohanes Lukiman gave a policy presentation. The post Digitizing a must — Concepcion appeared first on Daily Tribune......»»
Secure amnesty before fines hiked
Corporations and associations who have been delinquent in filing their annual reports should avail of the amnesty program before higher penalties kick in starting in October. “We reiterate our reminder to all corporations that starting a business does not end with registration with the SEC. This is just the first step — they must faithfully comply with reportorial requirements thereafter to ensure their continuity and sustainability,” Securities and Exchange Commission Chairperson Emilio Aquino said over the weekend. Last 15 March, the SEC issued SEC Memorandum Circular 2, Series of 2023, or the grant for non-filing and late filing of the General Information Sheet or GIS and Annual Financial Statements or AFS, and non-compliance with Memorandum Circular 28, Series of 2020 or MC 28. The amnesty, which comes in the form of a waiver or reduction of fees, is part of the Commission’s efforts to encourage its regulated entities to comply with their reportorial requirements under Republic Act 11232 or the Revised Corporation Code. Around 40,000 corporations have since completed their amnesty application with the SEC, allowing them to reclaim their good standing or corporate registration with the SEC. “The SEC Amnesty Program is a chance for corporations and associations to get a fresh start in their compliance with reportorial requirements, so they continue to enjoy the benefits and privileges of being a registered corporation,” Aquino said. Condonation streamlined To make the process simpler, the SEC streamlined the amnesty application process to encourage more corporations to avail of the program. Corporations now need only answer a web-based form available on their Electronic Filing and Submission Tool or eFAST accounts, replacing the submission of the notarized Expression of Interest Form and Amnesty Application Form. Likewise, corporations no longer need to file an undertaking to submit the latest due AFS within 90 days from the amnesty application. The post Secure amnesty before fines hiked appeared first on Daily Tribune......»»
Support workplace breastfeeding
In commemoration of World Breastfeeding Week from 1 to 7 August, the UN agencies for children and labor rights, Unicef and the International Labor Organization called on employers in the Philippines to do more to support breastfeeding women. In the Philippines, a 2019 study by the National Economic and Development Authority found that marriage and childbearing are associated with a significant decline in the female labor force participation. The Covid pandemic also worsened the uneven share of housework and family care between women and men, with over 2 million moms around the globe leaving the labor force in 2020. Breastfeeding is one of the most accessible care policies that can be applied at the workplace. It is a clear measure to help women transition back to work after giving birth. “The benefits of breastfeeding for children, mothers, and society are widespread. Breastfeeding protects infants against life-threatening infections, supports healthy brain development in children, and prevents chronic childhood and maternal illness, reducing health care costs,” said Unicef Philippines Deputy Representative Behzad Noubary. In the Philippines, the law mandates all establishments, public or private, whether operating for profit or not, to support breastfeeding in the workplace. Recognizing the importance of this gender equality and health promoting practice for working women, paid nursing breaks, flexible arrangements and workplace nursing facilities still remain untapped resources for the large majority of women. The post Support workplace breastfeeding appeared first on Daily Tribune......»»
Future of banking unfolds with AI, blockchain
Artificial intelligence, or AI, is increasingly forcing traditional banks to become more digital for compelling reasons. Experiments with this technology show banks ways to speed up their product design, widen customer access to loans, and build an organized and secure record of financial transactions. “My perspective is that the future of banking is digital banks. With AI, traditional banks are saying, I’m going to provide a service through someone else, and you see suddenly that you have this almost Rubik’s cube of possibilities,” David Hardoon, group chief data officer of Union Bank of the Philippines and chief executive officer of Aboitiz Data Innovation, said. [caption id="attachment_161492" align="aligncenter" width="1440"] David Hardoon, group chief data officer of Union Bank of the Philippines and chief executive officer of Aboitiz Data Innovation.[/caption] Both operate under the Aboitiz Group, which aims to be the first tech conglomerate in the Philippines. AI helps humans analyze data by categorizing information, stitching related data, and automatically detecting unusual patterns or activities logged in computer devices. “It’s the capability to distill from complex information,” Hardoon said. For example, he said the Union Bank team could quickly gauge its performance by looking at the AI-processed analysis of customer feedback they sent through email or chatbots. “Just beyond calculating the number of happy and unhappy individuals, it helps us understand what is happening. When we listen to the customer, we can say if we need to create a new product or service that we weren’t aware of or adjust an existing product.” Hardoon said the products or services include the company website, which some customers might need help to navigate initially. “We realized that some issues are related to information on the website. The way we designed it isn’t the best. Okay, we change it. And that’s how we use that feedback continuously, across all channels.” Hardoon said all managers could be updated on any bank problems through AI as the technology pools information into a single system. “But there’s also been a few other emails that have come in with other offices, which I may not be aware of unless I’ve had an in-person conversation with the team. This tool runs continuously in the background and can identify my teammate and say, David, this may be coming up.” AI coupled with blockchain also allows the bank to reach more customers who lack traditional bank accounts but have incomes and can repay loans. Blockchain is an online data storage that links various data types and identifies their sources. In this way, individuals can build proof of financial capacity to avail of loans. Hardoon explained that this technology mix could provide loans to small business owners, such as sellers on Facebook, to ensure they have enough working capital or funds to expand their operations. “The blockchain layer can provide me with that authenticated aspect, saying it comes from Facebook, not some spoofed website. Or if you’re working with another vendor providing you with product ingredients. That now becomes another block in the chain.” With analysis and data traceability features of AI and blockchain, Hardoon said bank managers could also reduce losses from clients as the technologies guide them in adjusting their terms for new loans based on their credit and payment histories. “They can help calculate risks. For example, I will give you P10,000 and see how you respond. Respond. When I see it’s good, or the client paid, I can give P100,000 next time. We need to remember that it’s always this learning process because, fundamentally, the principle of risk is the same.” With these benefits, Hardoon said digital banks will likely become an easy option for Filipinos to fulfill their financial needs. “So it’s completely different to a certain extent from the traditional. Now you have AI and blockchain to incorporate as a new capability. The digital bank, in principle, can simply plug and play.” The post Future of banking unfolds with AI, blockchain appeared first on Daily Tribune......»»
Abby ‘pained’ losing 300K Makatizens
Makati Mayor Abby Binay yesterday expressed concern over the welfare of more than 300,000 residents to be affected by the recent Supreme Court ruling that their areas fall under the jurisdiction of Taguig City. In a video message aired on the city’s official Facebook page, Binay assured the residents that the Makati local government would work with the national government to address their plight. She stressed that Makati’s jurisdictional dispute with Taguig is not about the Bonifacio Global City, or politics, but the welfare of Makati residents in the 10 barangays covered by the SC decision. Binay said it is “painful” for her to be separated from the “over 300,000 Makatizens.” “I am worried for the future of thousands of youth and students who will not be able to graduate from our public elementary and high schools in Makati, and at the University of Makati,” Binay said. “They will no longer receive the unique benefits and incentives that only Makati is giving. What will happen to them now?” she lamented. Binay also expressed concern over senior citizens and the health benefits of those who would be affected. “It is them I am most concerned about. It feels like I have lost children, parents, and grandparents. I have nurtured and taken care of them from the very start,” she added. The mayor said that in 2022 alone, Makati set aside over P9 billion for the welfare of District 2 residents. “We do not regard these as costs. It is the right of every Makatizen, as taxpayers and residents of Makati, to share in the city’s progress,” the mayor said. The mayor also expressed disbelief over statements that Taguig is prepared to provide over 300,000 residents of the 10 barangays with the same services and benefits they are receiving from Makati. She cited Taguig’s announcement that graduating senior high school students from these barangays can now avail themselves of their scholarship program. Since most would not meet the basic requirement of a three-year residency in Taguig, Binay doubted the 3,000 Makati senior high school graduates would be able to immediately become Taguig scholars. “Is it not clearly just an empty promise?” she said, adding that Taguig’s local government has not been providing to its constituents the level of benefits enjoyed by Makati residents. The SC has ruled with finality that BGC and the Enlisted Men’s Barangays, or EMBOs, are part of the territory of Taguig City. The dispute between Makati and Taguig over the ownership of BGC had gone on for over two decades now. The post Abby ‘pained’ losing 300K Makatizens appeared first on Daily Tribune......»»
MSMEs need cards literacy
Many small businesses are still unaware of how to maximize the use of a credit card, the Credit Card Association of the Philippines or CCAP said Monday. Some 35 percent of holders of 11.8 million credit cards issued in the first quarter of this year pay less than their full balance each month compared with 65 percent who do, the CCAP said citing data from the Bangko Sentral ng Pilipinas. The CCAP said micro, small, and medium enterprises or MSMEs can fully consume their credit without additional interest fees for several weeks to fill any gap in working capital. However, CCAP executive director Alex Ilagan said business owners must determine the frequency and amount of their cash flow gaps to avail the most benefits from their credit card. Interest-free credit “There is a 30-day monthly billing cycle and 21-day payment grace period provided by credit card issuers so MSMEs can enjoy interest-free credit for up to 51 days from the date of transaction. “Best to use your card just right after the billing cut-off date indicated in the billing statement because it will allow you to enjoy the longest interest free credit float,” CCAP executive director Alex Ilagan said. The CCAP vowed to further expand literacy on the efficient use of credit cards among MSMEs as it observed that many of them are still drawing funds from personal bank accounts, which eats into the emergency funds for their families or dependents. “We know that MSME owners often mix their personal and business finances. They use their personal credit cards to pay for bills or purchases related to their business, enabling them to manage tight cash flow situations. Credit cards can be more than that,” Ilagan said. Credit cards and credit lines provide additional funds to MSMEs without the tedious application process for business loans from banks. These are ideal to use only for short to medium-term goals. The post MSMEs need cards literacy appeared first on Daily Tribune......»»
ERC inks renewable energy adoption pact
The Energy Regulatory Commission recently signed a tripartite agreement with the local government of Pasig City and Manila Electric Company to expedite the adoption of renewable energy in one of the most progressive cities in Metro Manila. The agreement allows the parties to encourage renewable energy use in Pasig City by prioritizing projects such as the Net-Metering Program and Distributed Energy Resources or DER. The move will help manage electricity costs, reduce greenhouse gas emissions, and generate economic development. “We share in the vision of the LGU of making it easier for Pasigueños to avail of government programs and enjoy the benefits. We can empower our consumers by making these programs more accessible,” ERC chairperson and CEO Monalisa C. Dimalanta said. The parties agreed to work together to accelerate the adoption of renewable energy technologies, empower consumers and promote cost-efficient demand management. The collaboration will also involve the development of information, education, and communication materials relevant to the implementation of renewable energy programs such as net metering and DER. To facilitate the process, the ERC will deploy resource personnel at the City Hall to closely assist Pasigueños with their concerns. The personnel will handle Certificates of Compliance or CoC applications for net-metering, DERs, and self-generating facilities. As of end-June, the ERC has issued CoCs to 146 qualified end-users under the Net-Metering Program in Pasig City, with a total capacity of 1,284.87 kilowatt-peak. The post ERC inks renewable energy adoption pact appeared first on Daily Tribune......»»
Retirement 101
Sixty years is the age, under the law, that is considered a retiring age. Aside from discounts on basic necessities and prime commodities, senior citizens, who are still part of the working sector, may avail themselves of retirement benefits under the law. Retirement benefits, as explained by the Supreme Court, are “intended to help the employee enjoy the remaining years of his life, lessening the burden of worrying about his financial support, and are a form of reward for his loyalty and service to the employer.” (Pantranco North Express Inc. v. NLRC, 328 Phil. 470 [1996]) Article 302 (287) of the Labor Code mandates that in the absence of a retirement plan or agreement providing for retirement benefits of employees in an establishment, an employee upon reaching the age of 60 years or more, but not beyond 65 years, which is hereby declared the compulsory retirement age, who has served at least five years in the said establishment, may retire and shall be entitled to retirement pay equivalent to at least one-half month salary for every year of service, a fraction of at least six months is considered as one whole year. Thus, retirement is optional at the age of 60 and compulsory at 65. The retirement pay law applies to all employees in the private sector, regardless of their position, designation, or status and irrespective of the method by which their wages are paid. They include part-time employees, employees of service and other job contractors, and domestic helpers or persons in the personal service of another. The law, however, does not cover (1) employees of retail, service, and agricultural establishments or operations employing not more than 10 employees or workers; and (2) employees of the national government and its political subdivisions, including government-owned and/or controlled corporations, if they are covered by the Civil Service Law and its regulations. (Postigo v. Philippine Tuberculosis Society, G.R. 155146, 24 January 2006) Further, the law applies only to a situation where (1) there is no Collective Bargaining Agreement (CBA) or other applicable employment contract providing for retirement benefits for an employee, or (2) there is a CBA or other applicable employment contract providing for retirement benefits for an employee, but it is below the requirement set by law. (Grace Christian High School v. Lavandera, G.R. No. 177845, 20 August 2014). Clearly, the determining factor in choosing which retirement scheme to apply is still superiority in terms of benefits provided. (Elegir v. Philippine Airlines Inc., G.R. 181995, 16 July 2012). In other words, the retirement pay under the Labor Code is simply the minimum benefit to which a retiree is legally entitled and will not apply if there are higher benefits provided under the CBA, employment contract, or existing company policies or practices. The phrase “one-half (1/2) month salary” means 22.5 days: 15 days plus 2.5 days representing one-twelfth (1/12) of the 13th month pay, and the remaining five days for service incentive leave. (Elegir v. Philippine Airlines Inc.). It is not uncommon that companies offer early retirement benefits to their employees. While such offer may be acceptable to some employees, it may not be financially feasible for others who still need to earn for themselves and their families. Thus, jurisprudence requires that for early retirement programs to be valid, acceptance by the employees of an early retirement age option must be explicit, voluntary, free, and uncompelled. (Robina Farms Cebu v. Villa, G.R. 175869, 18 April 2016). *** For more of Dean Nilo Divina’s legal tidbits, please visit www.divinalaw.com. For comments and questions, please send an email to cabdo@divinalaw.com. The post Retirement 101 appeared first on Daily Tribune......»»
Service incentive leave pay
Dear Atty. Vlad, I am an office staff in a manufacturing company in Caloocan City. I was employed there for seven years. During my entire stay, I did not use any of my leaves, nor was I paid any unused leaves. About a month ago, I resigned from my work. When I went to my employer to ask for my service incentive leave pay, I was only given the equivalent of three years because, according to my employer, prescription has already set in. Is my employer correct? Please guide me. Tito, ***** Dear Tito, Your employer is wrong. In the case of Lourdes C. Rodriguez vs Park N Ride Inc. Nicest (Phils.) Inc./Grand Leisure Corp./Sps. Vicente and Estelita B. Javier, 20 March 2017, G.R. 222980 (citing the case of Auto Bus Transport System Inc. vs Bautista; 497 Phil. 863, 2005), the Court explained, viz: “However, Auto Bus Transport System Inc. v Bautista clarified the correct reckoning of the prescriptive period for service incentive leave pay: Applying Article 291 of the Labor Code in light of this peculiarity of the service incentive leave, we can conclude that the three-year prescriptive period commences, not at the end of the year when the employee becomes entitled to the commutation of his service incentive leave, but from the time when the employer refuses to pay its monetary equivalent after demand of commutation or upon termination of the employee’s services, as the case may be.” “The above construal of Art. 291, vis-a-vis the rules on service incentive leave, is in keeping with the rudimentary principle that in the implementation and interpretation of the provisions of the Labor Code and its implementing regulations, the workingman’s welfare should be the primordial and paramount consideration. The policy is to extend the applicability of the decree to a greater number of employees who can avail of the benefits under the law, which is in consonance with the avowed policy of the State to give maximum aid and protection to labor.” From the above-cited decision of the court, your employer is wrong in stating that prescription has already set in. The three-year prescriptive period only sets in at the time of demand. Since you made the demand just about a month after your resignation, your right to receive your service incentive leave was within the three-year prescriptive period. As such, you are entitled to service incentive leave pay equivalent to seven years or 35 days of SIL pay. I hope that I was able to guide you based on what you shared with me. Atty. Vlad del Rosario The post Service incentive leave pay appeared first on Daily Tribune......»»